Virginia Lottery Bond Overview
- Purpose: To ensure the legal sale of lottery tickets
- Who Needs It: All lottery retailers operating in Virginia
- Regulating Body: The Virginia Lottery
- Bond Amount: $20,000–$50,000, based on average ticket sales
- Minimum Price: $400 for a one-year term
What Is a Virginia Lottery Bond?
A Virginia lottery bond guarantees that lottery sales are conducted fairly and honestly. The Virginia Lottery requires all retailers to file a surety bond to maintain consistent standards across the state.
Bond Coverage Requirements for Virginia Lottery Retailers
The Virginia Lottery will calculate your bond amount from $20,000 to $50,000, based on your average ticket sales volume. You’ll receive your specific bond requirement after submitting your license application. Typically, first-time applicants need the standard $20,000 bond, unless your projected sales are unusually high.
How Much Do Lottery Bonds Cost in Virginia?
Virginia lottery bonds start at $400 for the minimum $20,000 coverage. Most applicants pay just 2–5% of the total bond amount.
Your exact price will vary based on your bond amount and credit score. Apply for a free quote below.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Virginia Lottery Bond Work?
A Virginia lottery bond is a legal contract between these three parties.
| Bond Party | Description |
|---|---|
| Principal | The lottery retailer purchasing the bond |
| Obligee | The Virginia Lottery requiring the bond |
| Surety | The issuing surety provider |
This bond holds you financially responsible for complying with the Virginia Lottery Law. This means you promise to:
- Only sell tickets during regular business hours
- Prevent minors from buying tickets
- Pay out winning tickets immediately after validation
- Properly maintain and operate all lottery equipment
- Ensure unsold tickets are not tampered with or altered
If you violate these terms, harmed parties can file claims to recover losses. The surety will pay out valid claims up to the full bond amount, but you must refund the surety.
How Do I Get a Lottery Bond in Virginia?
You can start the bonding process instantly using the form on this page. Simply enter your information, and we’ll run a quick credit check to determine exact pricing. You’ll receive a free, personalized quote within one business day.
How Fast Can I Get My Bond?
We’ll email you the official bond form right after payment. Be sure to file the bond with the Virginia Lottery as instructed.
Can I Get Bonded With Bad Credit?
You may still be able to get bonded with bad credit, but your premium rate will likely increase. Visit our Cost FAQ page to learn more.
How Do I Renew My Lottery Bond?
Virginia lottery bonds are valid for one year. We’ll send you renewal reminders starting 90 days before the expiration date. Once you pay the attached invoice, we’ll issue a continuation certificate to extend your bond for another term. File the documentation with the Virginia Lottery to maintain your license.
Can I Make Changes to My Bond?
Email [email protected] if you need any changes to your bond, such as:
- Name
- Address
- Coverage amount
Only your surety company is authorized to update your bond form.
How to Become a Lottery Retailer in Virginia
To apply for a license, gather the following documents from the Virginia Lottery website:
- Application form
- Location form
- Personal data form
- Valid government ID
- Retailer contract
- Electronic Funds Transfer (EFT) form
- Bank verification letter
- Business sales tax certificate
- IRS confirmation
You can mail or drop off your application packet at any of the Lottery’s customer service centers. The fee is $100 per location.
After submission, the Virginia Lottery will do a background check and tell you your required bond amount.
Lastly, once you file your bond, you’ll need to complete lottery retailer training before you can officially begin selling tickets. The entire process typically takes 3–4 weeks.
You are responsible for renewing your license and surety bond annually.
What Is the Retailer Accessibility Program?
All Virginia lottery retailers must comply with specific Americans with Disabilities Act (ADA) rules, regardless of standard property exemptions. After your license is issued, an ADA Compliance Representative will review the following areas of your location:
- Parking lot
- Entrance door
- Walkways
You then have 12 months to make any adjustments, or your license will be suspended.
